Monthly Archives: April 2022

The Top 10 Best Bets in the Casino

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.

Moreover, many lenders make the mistake of requiring excessive debt service reserves and place restrictions on reinvestment or further leverage which can seriously limit a given project’s ability to maintain its competitiveness and/or meet available opportunities.

Whereas we are not advocating that all profits be plowed-back into the operation, we are encouraging the consideration of an allocation program that takes into account the “real” costs of maintaining the asset and maximizing its impact.

Establishing Priorities

There are three essential areas of capital allocation that should be considered, as shown below and in order of priority.

  1. Maintenance and Replacement
    2. Cost Savings
    3. Revenue Enhancement/Growth

The first two priorities are easy enough to appreciate, in that they have a direct affect on maintaining market positioning and improving profitability, whereas, the third is somewhat problematical in that it has more of an indirect affect that requires an understanding of the market dynamics and greater investment risk. All aspects that are herewith further discussed.

Maintenance & Replacement

Maintenance & Replacement provisions should be a regular function of the casino’s annual budget, which represents a fixed reserve based on the projected replacement costs of furniture, fixture, equipment, building, systems and landscaping. Too often however we see annual wish lists that bear no relationship to the actual wear & tear of these items. It is therefore important to actually schedule the replacement cycle, allocating funds that do not necessarily have to actually be incurred in the year of accrual. During a start-up period it may not seem necessary to spend any money on replacement of brand new assets, however by accruing amounts to be reserved for their eventual recycling will avoid having to scurry for the funds when they are most needed.

One area of special consideration is slot machines, whose replacement cycle has been shortening of late, as newer games & technologies are developing at a much higher rate, and as the competition dictates.

Cost Savings

Investment in cost savings programs & systems are, by their very nature and if adequately researched a less risky use of profit allocation funding then almost any other investment. These items can often take the form of new energy saving systems, labor saving products, more efficient purchasing intermediation, and interest reductions.

These items have their caveats, one of which is to thoroughly analyze their touted savings against your own particular application, as often times the product claims are exaggerated. Lease buy-outs and long term debt prepayments can sometimes be advantageous, especially when the obligations were entered into during the development stage when equity funds may have been limited. In these cases it is important to look at this strategy’s net effect on the bottom line, in comparison with alternative uses of the monies for revenue enhancing/growth investments.

One recent trend is the growing popularity of cash-less slot systems, which not only provide labor savings for fills, counts and hand-pays, but also serve as an aid to patrons who do not like to lug around those cumbersome coin buckets, while also encouraging multiple game usage.
Revenue Enhancing & Growth

Leveraging is the key catalyst of any revenue enhancing/growth related investment. It includes the following:

o Patronage Base
o Available Funds
o Lands
o Marketing Clout
o Management Experience

The principal is to leverage the use of the available asset towards achieving higher revenues & profitability. Typical examples include increasing average patronage base spending and widening the effective trading radius, by offering additional products/services, such as retail stores, entertainment alternatives, recreational/leisure amenities, overnight 토토사이트  accommodations, more restaurant choices, and of course, expanded gaming.

Master Planning

Anticipation of potential growth and expansion should be fully integrated into the project’s initial master planning so as it assure cohesive integration of the possible elements in a phased-in program, while also allowing for the least amount of operational interruption. Unfortunately, it’s not always possible to anticipate market changes, so expansion alternatives must be carefully considered.

The Big Picture

Before embarking on any type of expansion and/or enhancement program we strongly recommend first stepping back and assessing the property’s present positioning relative to the market and competitive environment. As we have observed in numerous gaming jurisdictions around the country, often casino ventures that have been operating “fat and happy” for a few years, find themselves in a zero-growth period. Sometimes this is due to competition stemming from either/both new local area casinos or regional venues that have the affect of reducing patronage from peripheral area markets. Additionally, the current customer base may become bored with their experience and are seeking greener pastures. The historical growth of the Las Vegas strip is testament to the success of continually “reinventing” oneself.

Our approach to these market studies is initially focused on determining the degree to which the current facility is penetrating the potential market and in relationship to any competitive market shares. Typically, this represents an analysis of the current patronage base in terms of information gleaned from the player tracking data base, and mailing lists, coupled with day-part, daily, weekly, monthly and seasonal revenue trends.

This data is then interfaced with an assessment of the overall market potential to indicate the extent to which certain market segments are utilizing the facility and the needs it is fulfilling. More importantly however, is that this type of analysis will indicate those market segments that are not utilizing the facility more fully, and why.

 

Save Money by Playing Casino Games Online

Gambling is now a recognized element of popular culture, similar to recreational activities. It is just like attending films, athletic events as well as concerts or stage plays. In New Zealand, a large majority of Kiwis who gamble at New Zealand casinos do this as a form of relaxation with great reservations that it would have unfavorable implications.

Nevertheless, for some, gambling has stopped being as an amusement. They have turned it into something that they need to do instead of something they would like to do. Thus, it is necessary that even in gambling you need to establish your personal guidelines, whether you are playing in some Las Vegas or NZ casinos. Be sure to adhere to it, whether you win or loss at the casino gambling tables. sm카지노

 

  • A person who wishes to gamble needs to set his or her limitations as to how much money to spend on the casino tables. He or she must decide how often he or she would play.
  • Consider that the money you will spend to gamble is part of your budget for leisure and entertainment. Never gamble because you wanted to earn more money. Just spend your extra fund so that when you lose at the gambling tables you will not be greatly affected.
  • No one should feel compelled to gamble or pressure anyone because the decision to go to the casino and play is an individual decision.
  • Know your gambling limitations and most of all, be able to stop when you have reached the boundary that you have set. Be strong enough to resist the compulsion to continue gambling.
  • It’s not right and a big no-no to loan from friends, relatives or credit institution the money that you will spend at the casino games. Worst, you will risk yourself to plunge deeply into the debt quagmire if you promise to pay your loan with your gambling winnings.
  • Do not gamble when you are young and dependent on your parents’ support. Never make gambling as your source of income. Don’t gamble if you are putting to risk the welfare of your family, job, relationships, and health. Also, it is not good to gamble because you want to make up for your past losses.
  • Avoid going to the casino when your purpose is to cool your anger, recover from a stressful situation, or when you are lonely and coping with the loss of a loved one. Better learn card and magic tricks than to gamble because you wanted to impress somebody.

 

Well, there is no other gleeful place of entertainment than to be in a casino. All you need to do is join in the games and if you feel like just chilling out you may choose to stay in the lounge, or at the poolside bar or adjacent restaurant and enjoy the music while eating and drinking with friends. In whatever state your nights would bring you, always live by the guidelines as you gamble by in casinos of Las Vegas, Macao, or even at casino NZ

 

Types of Online Casino Bonuses

Many people enjoy playing casino slots, but dread the crowds, commute, lines, and expense that come from playing slot machines inside an actual casino. Others enjoy playing slots, but are not able to do so due to gambling laws in their area or their physical distance from a casino is restrictive. If you are one of those individuals who enjoys gaming, but does not want to put up with the hassles of going to one, or gambling is not in your area, join the thousands of players who have discovered online slots.

There are a huge variety of slots available online through gaming websites and online casinos for you to enjoy, and there’s a huge assortment of the best slots in the world available on line. The variety of slot machines is one of the main advantages, but there are many other benefits to online slots too. สูตรสล็อต

One advantage to online gaming is that you can practice for free, so there is no risk. You can try a variety of online slots, decide which games you prefer, and develop strategies and preferences without risking any money.

Once you have practiced, decided which slots you like best, and developed a strategy, if you are playing through an online casino, it is fairly easy to buy in and start actually gambling with real money. Many people worry that with playing online, there is less chance of winning anything at all. It has also been suggested that even if you do win, payouts are much smaller with online gaming. This is simply not the case. If you choose to play slot machines through an actual casino, you are just as likely to win – and win big – online as you are playing in an actual casino.

Another benefit to online slots gaming is the instant access. If you go to a casino, you may be limited to what games you can play. Most real world casinos do not have space for hundreds of slot machines, as they are limited by floor space, but online casino sites give you access to as many as 400 different casino games. And can add as many as they wish to create. All they would need to do is have enough computer power to power the servers, that is all.

Even if your real world casino has a great variety of games, you may have to wait to play, and if the casino is busy, you may not even have the chance to play your favorite slots as other people may be occupying them. However, if you choose to play online, you can download an application that allows you instant access to as many slots as you wants, without having to wait in any lines. You can always play the best slots and your favorite slots online with no interruptions.

If you are not interested in downloading the application, there are a variety of online slots sites that can be played via your internet browser. Online, slots can open your gaming world up with convenience, variety, and ease. Plus, you can start risk free with superb free cash offers. So what are you waiting for, join in the fun!.

Infamous Casino Game Cheats

Online casinos offer many bonuses not found at brick and mortar casinos. It is very rare to get any kind of bonus or comp in Atlantic City or Las Vegas. These casinos have large overhead and someone needs to pay for it. Internet casinos have much lower overhead. This is because they do not need a large building or an army of employees. Most of the expenses are an office and the software that runs the casino. The amount of employees needed is minimal. Customer service is the biggest expense. These bonuses can put money in your pocket if you know what you are doing. You will need to understand how each bonus works in order to get the most out of them. Each casino has different offers and there are normally rules on how to collect these bonuses. It is important to read the fine print. The most common bonuses are the initial deposit bonus, the no deposit bonus and the reload bonus.

The initial deposit bonus is when an internet casino matches a portion or your entire first deposit and credits the money to your account. Currently most web based casinos offer a 100% match up to $100. If you hunt long enough you can find higher dollar amounts that are matched. Online casinos need to offer this bonus because all of their competition does. It is very easy for an online gambler to change casinos. Online gamblers are always looking for new and inventive reasons for their customers to keep coming back. The percentages and dollar figures may change and thi is what you want to look for. You will need to wager a set dollar figure before you can cash out the bonus money. This will range from 10 times the bonus to 20 times, depending on the casino. 老虎機

Many players believe that the no deposit bonus is free money but it never really works out that way. The idea is that you are given a stake to play with for free. The problem is that even if you parlayed this into something big you cannot collect without setting up a real money account. The reason that online casinos offer the no deposit bonus is to lure in new players. This way the player will become comfortable with the online casino. This gets the player one step closer to creating a real money account. This bonus is basically the same as setting up a play account. A play account allows you to try out the casino software as well. Online casinos do set their software to pay back at certain percentages. They set these percentages higher on play accounts than they do on real accounts.

The reload bonus is designed to keep players coming back. After a real money account has been established and funded players can take advantage of reload bonuses. A reload bonus is similar to a match bonus in that the online casino will match a percentage of your deposit. These bonuses usually are offered with some restrictions. It may be 20% reload bonuses on Tuesdays. This is a slow time for the casinos and they are looking to bring in more players.

 

Casinos Profiting From the Online Slot Machine

There is nothing quite like the excitement and thrill of stepping into the Best Casino Gambling Hangout. The flashing lights, the sounds of slots rolling, and the laughter and shrill squeals of delight when someone scores big.

These are just a few reasons why more and more Casino and Gambling Facilities are opening their doors each and every year. Not only on land, but also Internet Casino Gambling sites as well. It seems that every week a dozen or more Online Casino Gambling sites light up our computer screens. The quality of these online casinos is also growing more and more superior as technology advances along with the love and passion of players.

Many online casinos even offer the same thrills and atmosphere that you can find in a busy land casino. However, online casinos offer you the ease and pleasure of playing from the comfort and security of your own home. This allows you to create your own comfort. In fact, you can play while laying bed or sitting at your desk in your boxers.

Regardless of whether you are playing on land or from home there is now no doubt that the Casino Cash Cow is on the rise. In fact, there are hundreds of individuals all over the world who are raking in a wealthy living from simply playing online casino games for high payouts. https://www.sawan888.net/

What exactly is a Casino Cash Cow? A Casino Cash Cow is an online casino that offers high payouts. These high payouts in some cases match or can even exceed the payouts that land casinos offer. Many online casinos network with other online casinos in order to pull pots to offer huge payouts to their members and visitors. They pull their money and have weekly or monthly events wherein you can see the full effects of a Casino Cash Cow in action.

Smaller online casinos that only cater to specific games such as general slots and are not affiliated with other online casinos or major business partners don’t usually offer such high payouts. This is why it is important for you to do your research before becoming a member of any online casino. You will want to make sure that if you are paying a membership fee that you are signing up for a casino with high payouts and not a simple “backyard” casino with low to moderate payouts.

The Casino Gambling Information from Casino Cash Cow is what keeps members coming back, and keeps members from bouncing from one online casino to another. This is why so many online casinos have pulled their resources together in order to offer these large payout events on a regular basis. Working together they can pull in hundreds of thousands of dollars to award their members for simply playing on their sites.

Simply speaking, high payouts are what give any Online Casino staying power. The more money they are putting out and offering in pots and winnings to Casino Gambling Pros will result in their business making more money. You can always tell if an online casino is worth your money by looking at the extend of their payouts and bonuses. Find your big payout casino and stick with it. Don’t mess with small payouts and rewards when you can find a single high payout casino and become a millionaire over night.

How to Become an Online Gambling Affiliate

Online casinos provide several incentives to attract new players and retain existing players at their casino. The bonuses can become the major criteria for players in deciding an online casino to play at. There are various types of online casino bonuses and each has its particular advantages and conditions. You should get some understanding about the bonuses, especially the terms and conditions before you accepting the bonuses.

In general, there are 2 categories of bonuses: STICKY & CASHABLE bonuses. Sticky bonuses are the free money that lent to you by the casino. You can use the sticky bonuses to play your favorite games, if you win and meet the wagering requirements, you can only withdraw the winnings and not the sticky bonuses. The casino will take back the bonus upon your withdrawal. On the other hand, cashable bonuses are the money that can be withdrawn along with your winnings after meeting the wagering requirements. Normally the online casinos won’t state their bonus offers to be the sticky or cashable in their promotion page; you need to read the terms & conditions to find out which category the bonuses are.

Regardless of sticky or cashable bonuses, there are a few common casino bonuses, which can be found in casino’s promotion page. These bonuses are:

No Deposit Bonuses

No Deposit Bonuses are free money given by the casino. It does not require you to deposit any money. You just need to open a real-player account with the casino that offers no-deposit bonuses. Normally the bonuses will be automatically deposited into your player’s account, but some online casinos may require you to confirm your account through a confirmation email, or upon verification of your credit card before the no-deposit bonus being deposited into your account. Most no-deposit bonuses are ranging from $10 to $100 depending on the casinos. Some online casinos offer no-deposit bonuses in the term of free-play; this type of no-deposit bonus is normally offered for playing slots machines or video poker. Once you have sign-up a real-player account with the casino, you will be given a certain amount like $500 free-play bonus or a number of hours such as 5-hour free-play time at the casino. There are terms & conditions of wagering requirements on the no-deposit bonuses that you need to meet before you can withdraw the winning.

Welcome / Sign Up Bonuses slot gacor

Online casinos reward new players by offering welcome or sign up bonuses. These bonuses are offered in term of matching bonus based on the amount deposited by the new players. Normally, online casinos will match 100% to 200% for the first deposit, but some casinos may go up to 500% to attract more new players. The welcome bonuses may be matched only with the first deposit, or a few initial deposits depending on the casino’s promotion strategy. The bonuses normally have a minimum and maximum deposit limits. The player needs to deposit the amount the meet the minimum deposit in order to eligible for the bonuses. And, the casino will only match the bonuses up the maximum deposit amount.

Weekly and Monthly Deposit Bonus

Existing players will also be rewarded whenever they deposit the money into their account. These bonuses normally are given in term of weekly or monthly bonuses, which normally ranges from 25% to 50%.

Cash-back Bonuses

Some casinos will refund some of your losses during a certain period of play in term of cash-back bonuses. It may range from 5% to 15%. The more you lose the more cash-back bonus you will get. Off course, you don’t want to get more on this type of bonus because it means the more you get, the more you have lost to the casino. However, it is still an attractive bonuses offered by online casinos.

Refer-A-Friend Bonuses

This is the incentive given to the players who refer or invite their friends to play at the casino. You can get some money (normally $50) for every player who register into the casino with your help.